Performance

Chart of the month: Okumus Capital

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Thanks in part to gains from its software company holdings, the Okumus Technology Value Fund finished July with a net gain of 2.29% to total 8.23% for the year. That performance bests the Absolute Return Technology Index, which climbed 0.83% in July to total 6.02% YTD, and towers over the tech-heavy Nasdaq Composite, which lost 3.71% for the month and is down 5.16% for the year.

New York-based Okumus Capital, founded by Ahmet Okumus, manages more than $700 million. Its Okumus Technology Value strategy, which follows a fundamental, bottom-up research approach, has netted an annualized compound return of 19.20%